CNH Industrial N.V. (CNH) Form 8-K — Nov 9, 2026
CNH Industrial has agreed to sell a 70% stake in its Construction Equipment business to Japan's Kobelco Construction Machinery, with Kobe Steel guaranteeing the purchase, in a deal valued at $700 million in cash for 70% of an agreed $1 billion enterprise value. CNH will retain a 30% minority interest in the joint venture entities and will contribute its Indian construction equipment subsidiary to the venture at closing. The transaction requires a pre-closing internal reorganization, antitrust and foreign investment approvals (including HSR and CFIUS), and is expected to close by the end of 2027, with an outside date of March 30, 2028 extendable for regulatory delays.
Key figures
- Deal Value Usd
- $700 million (cash consideration for 70% stake)
- Outside date
- March 30, 2028 (subject to two successive 90-day extensions)
- Expected close
- by end of 2027
- Stake sold percent
- 70
- Stake retained percent
- 30
- Agreed enterprise value
- $1 billion
- Target nwc lower amount
- $95,000,000
- Target nwc upper amount
- $125,000,000
AI analysis
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